---
title: "Micron Technology and Nvidia mask softer S&P 500 earnings growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293346008.md"
description: "S&P 500 Q2 2026 earnings growth stands at 24.7%, heavily driven by Micron and Nvidia. Excluding these two semiconductor giants, the blended growth rate drops to 16.8%, highlighting concentrated profit expansion in tech. While underlying growth remains healthy, the disparity underscores reliance on high-performing names for broader market results."
datetime: "2026-07-21T13:03:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293346008.md)
  - [en](https://longbridge.com/en/news/293346008.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293346008.md)
---

# Micron Technology and Nvidia mask softer S&P 500 earnings growth

The S&P 500’s (SP500) year-over-year earnings growth for the second quarter of 2026 has stood at a robust 24.7%, but that headline figure relies heavily on outsized contributions from two semiconductor giants. Excluding Micron Technology (MU) and Nvidia (NVDA), the blended growth rate for the index drops to 16.8%, underscoring the concentrated natu...

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